Gold Swing Trading 2/2/2024 | FXstreet.cz

Gold Swing Trading 2/2/2024 | FXstreet.cz
Gold Swing Trading 2/2/2024 | FXstreet.cz
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Gold (XAU/USD): This commodity is in an uptrend today on the 1-hour chart. Support is at the level of 2038 and 2004. Resistance is at the level of 2062. In the event of a rebound from the resistance, we could consider a short position with the goal at the nearest support. In case of a clear breaking of the resistance, we could consider a long position. The upcoming fundamental news should not affect the development of this market. Some traders could close out their positions on Friday, which could put this market under pressure.

Gold swing trading 2/19/2018

As long as the price of gold (XAU/USD, GOLD) trades below the resistance of 1368, we can expect a continuation of the downward trend towards the support level of 1331 and then towards 1307.

Gold swing trading 11/20/2017

As long as the price of gold (XAU/USD, GOLD) trades above the 1285 support, we can expect a rise towards the 1304.30 resistance level.

Gold swing trading 12/20/2023

Gold (XAU/USD): The commodity is on the 1-hour chart in a rising trend channel that has been valid after seven bounces since December 6.

Gold swing trading 2/20/2017

The price of gold (XAU/USD, GOLD) is trading in a sideways trend between the support area of ​​1225 – 1230 and the resistance area of ​​1239 – 1241. We can consider a rebound from the resistance of 1241 as a signal of the start of a local downtrend, and the decline will then probably continue towards the support level of 1225 .

Gold swing trading 3/20/2017

On the shorter 1-hour time frame, the price of gold (XAU/USD, GOLD) is forming a double top formation, indicating a possible decline. On the 4-hour chart, we see a head and shoulders formation forming. We will consider a rebound from the resistance 1234 – 1240 as a signal of the start of a downward trend, the decline will then probably continue towards the support 1198 – 1200.

Gold swing trading 10/2/2017

The price of gold (XAU/USD, GOLD) is trading in a sideways trend between the support of 1268 and the resistance of 1290. As the start of an uptrend, we can consider overcoming the resistance of 1290, and then the growth can continue towards the resistance level of 1320.

Gold swing trading 12/21/2023

Gold (XAU/USD): The commodity is on the 1-hour chart in a rising trend channel that has been valid after eight bounces since December 6.

Gold swing trading 2/21/2018

As long as the gold price (XAU/USD, GOLD) trades below the 1331 resistance, we can expect a continuation of the downtrend towards the 1314 support level.

Gold swing trading 1/22/2024

Gold (XAU/USD): This commodity is moving sideways on the 1-hour chart today. Support is at the level of 2004. Resistance is at the level of 2038 and 2070. Now we could consider a short position with the target at the nearest support. The upcoming fundamental news should not affect the development of this market.

Gold swing trading 12/22/2023

Gold (XAU/USD): This commodity was in an uptrend on the 1-hour chart yesterday. Support is at 1973 and 1937.50. In the event of a rebound from resistance, we could consider a short position with the target at the nearest support. The resistance is at the level of 2050 and 2132. The upcoming fundamental news should not affect the development of this market. Some traders may close their positions on Friday, which may put price under pressure.

Gold swing trading 2/22/2018

As long as the gold price (XAU/USD, GOLD) trades below the 1327 resistance, we can expect a continuation of the downtrend towards the 1314 – 1307 support area.

Gold swing trading 3/22/2017

The price of gold (XAU/USD, GOLD) is now trading near the key resistance of 1250 – 1258. We will consider breaking the support of 1243 as a signal of the start of a downtrend, then the decline will probably continue towards the support of 1234 and then towards 1204.

Gold swing trading 5/22/2017

The price of gold (XAU/USD, GOLD) is trading in an uptrend, which may continue towards the resistance of 1265 and then towards the resistance area of ​​1291 – 1319. On the contrary, a downtrend is not yet expected this week, however, trading in a sideways trend is possible between 1246 support and 1265 resistance.

Gold swing trading 1/23/2024

Gold (XAU/USD): The commodity is in a downtrend channel on the 1-hour chart, which has been valid after nine bounces since December 28.

Gold swing trading 2/3/2018

The price of gold (XAU/USD, GOLD) is trading in a downtrend. If we see a weakening of the gold price towards the 1307 level, we can expect an upward rebound towards the 1314 resistance level here.

Gold swing trading 2/23/2017

We will consider the breaking of the support area 1225 – 1230 as a signal of the start of a downward trend, then the decline will probably continue towards the support level 1217.

Gold swing trading 1/24/2024

Gold (XAU/USD): This commodity was in a rather downtrend on the 1-hour chart yesterday. The support is at the level of 2004. Now we could consider a short position with the target at the nearest support. In the event of a subsequent rebound from support, we could consider a long position with the target at the nearest resistance. In case of a clear breaking of the support, we could consider a short position. Resistance is at the level of 2038 and 2062. The upcoming fundamental news should not affect the development of this market.

Gold swing trading 5/24/2017

The price of gold (XAU/USD, GOLD) is trading in a sideways trend between the support of 1246 and the resistance of 1265. We can consider overcoming this resistance as the start of an uptrend, and the growth can then continue towards the level of 1293.

Gold swing trading 1/25/2024

Gold (XAU/USD): The commodity is on the 1-hour chart in a descending trend channel that has been valid after ten bounces since December 28.

Gold swing trading 1/26/2024

Gold (XAU/USD): This commodity is moving sideways on the 1-hour chart. Support is at the level of 2004. Resistance is at the level of 2038 and 2062. In the event of a rebound from the support, we could consider a long position with the target at the nearest resistance. In case of a clear breaking of the support, we could consider a short position. The upcoming fundamental news should not affect the development of this market.

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